8-K 1 abf05he2_10510.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 25, 2005 ASSET BACKED FUNDING CORPORATION Asset Backed Certificates, Series 2005-HE2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-121564-07 Pooling and Servicing Agreement) (Commission 54-2182215 (State or other File Number) 54-2182216 jurisdiction 54-6675895 of Incorporation) IRS EIN c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On October 25, 2005 a distribution was made to holders of ASSET BACKED FUNDING CORPORATION, Asset Backed Certificates, Series 2005-HE2 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2005-HE2 Trust, relating to the October 25, 2005 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ASSET BACKED FUNDING CORPORATION Asset Backed Certificates, Series 2005-HE2 Trust (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 11/4/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2005-HE2 Trust, relating to the October 25, 2005 distribution. EX-99.1
Asset Backed Funding Corporation Asset Backed Certificates Record Date: 9/30/2005 Distribution Date: 10/25/2005 Asset Backed Funding Corporation Asset Backed Certificates Series 2005-HE2 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 www.ctslink.com Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution A-1 04542BND0 SEN 4.07000% 243,433,121.63 798,122.54 A-2A 04542BNE8 SEN 3.94000% 287,991,928.03 914,054.38 A-2B 04542BNF5 SEN 4.00000% 123,559,000.00 398,134.56 A-2C 04542BNG3 SEN 4.13000% 202,528,000.00 673,799.40 A-2D 04542BNH1 SEN 4.23000% 57,033,000.00 194,339.95 M-1 04542BNJ7 SUB 4.31000% 46,653,000.00 161,976.62 M-2 04542BNK4 SUB 4.33000% 41,742,000.00 145,598.42 M-3 04542BNL2 SUB 4.35000% 23,940,000.00 83,889.75 M-4 04542BNM0 SUB 4.48000% 36,217,000.00 130,703.13 M-5 04542BNN8 SUB 4.63000% 18,415,000.00 68,682.83 M-6 04542BNP3 SUB 4.93000% 18,416,000.00 73,137.10 M-7 04542BNQ1 SUB 5.18000% 12,891,000.00 53,791.28 M-8 04542BNR9 SUB 5.58000% 13,504,000.00 60,700.48 M-9 04542BNS7 SUB 5.98000% 19,643,000.00 94,624.70 M-10 04542BNT5 SUB 6.83000% 9,208,000.00 50,661.90 M-11 04542BNU2 SUB 6.33000% 12,890,000.00 65,728.26 B-1 04542BNV0 SUB 6.33000% 19,644,000.00 100,168.03 B-2 04542BNW8 SUB 6.33000% 8,594,000.00 43,822.24 CE SUB 0.00000% 6,138,484.36 2,455,250.04 P SEN 0.00000% 0.00 298,460.28 R SUB 0.00000% 0.00 0.00 Totals 1,202,440,534.02 6,865,645.89
Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses A-1 7,858,911.53 0.00 235,574,210.10 8,657,034.07 0.00 A-2A 13,274,374.24 0.00 274,717,553.79 14,188,428.62 0.00 A-2B 0.00 0.00 123,559,000.00 398,134.56 0.00 A-2C 0.00 0.00 202,528,000.00 673,799.40 0.00 A-2D 0.00 0.00 57,033,000.00 194,339.95 0.00 M-1 0.00 0.00 46,653,000.00 161,976.62 0.00 M-2 0.00 0.00 41,742,000.00 145,598.42 0.00 M-3 0.00 0.00 23,940,000.00 83,889.75 0.00 M-4 0.00 0.00 36,217,000.00 130,703.13 0.00 M-5 0.00 0.00 18,415,000.00 68,682.83 0.00 M-6 0.00 0.00 18,416,000.00 73,137.10 0.00 M-7 0.00 0.00 12,891,000.00 53,791.28 0.00 M-8 0.00 0.00 13,504,000.00 60,700.48 0.00 M-9 0.00 0.00 19,643,000.00 94,624.70 0.00 M-10 0.00 0.00 9,208,000.00 50,661.90 0.00 M-11 0.00 0.00 12,890,000.00 65,728.26 0.00 B-1 0.00 0.00 19,644,000.00 100,168.03 0.00 B-2 0.00 0.00 8,594,000.00 43,822.24 0.00 CE 0.00 0.00 6,138,484.36 2,455,250.04 0.00 P 0.00 0.00 0.00 298,460.28 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 21,133,285.77 0.00 1,181,307,248.25 27,998,931.66 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee. This report has been compiled from information provided to Wells Fargo Bank, N.A. by various third parties, which may include the Servicer, Master Servicer, Special Servicer and others. Wells Fargo Bank, N.A. has not independently confirmed the accuracy of information received from these third parties and assumes no duty to do so. Wells Fargo Bank, N.A. expressly disclaims any responsibility for the accuracy or completeness of information furnished by third parties.
Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A-1 250,000,000.00 243,433,121.63 0.00 7,858,911.53 0.00 0.00 A-2A 306,681,000.00 287,991,928.03 0.00 13,274,374.24 0.00 0.00 A-2B 123,559,000.00 123,559,000.00 0.00 0.00 0.00 0.00 A-2C 202,528,000.00 202,528,000.00 0.00 0.00 0.00 0.00 A-2D 57,033,000.00 57,033,000.00 0.00 0.00 0.00 0.00 M-1 46,653,000.00 46,653,000.00 0.00 0.00 0.00 0.00 M-2 41,742,000.00 41,742,000.00 0.00 0.00 0.00 0.00 M-3 23,940,000.00 23,940,000.00 0.00 0.00 0.00 0.00 M-4 36,217,000.00 36,217,000.00 0.00 0.00 0.00 0.00 M-5 18,415,000.00 18,415,000.00 0.00 0.00 0.00 0.00 M-6 18,416,000.00 18,416,000.00 0.00 0.00 0.00 0.00 M-7 12,891,000.00 12,891,000.00 0.00 0.00 0.00 0.00 M-8 13,504,000.00 13,504,000.00 0.00 0.00 0.00 0.00 M-9 19,643,000.00 19,643,000.00 0.00 0.00 0.00 0.00 M-10 9,208,000.00 9,208,000.00 0.00 0.00 0.00 0.00 M-11 12,890,000.00 12,890,000.00 0.00 0.00 0.00 0.00 B-1 19,644,000.00 19,644,000.00 0.00 0.00 0.00 0.00 B-2 8,594,000.00 8,594,000.00 0.00 0.00 0.00 0.00 CE 6,138,872.67 6,138,484.36 0.00 0.00 0.00 0.00 P 0.00 0.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,227,696,872.67 1,202,440,534.02 0.00 21,133,285.77 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A-1 7,858,911.53 235,574,210.10 0.94229684 7,858,911.53 A-2A 13,274,374.24 274,717,553.79 0.89577624 13,274,374.24 A-2B 0.00 123,559,000.00 1.00000000 0.00 A-2C 0.00 202,528,000.00 1.00000000 0.00 A-2D 0.00 57,033,000.00 1.00000000 0.00 M-1 0.00 46,653,000.00 1.00000000 0.00 M-2 0.00 41,742,000.00 1.00000000 0.00 M-3 0.00 23,940,000.00 1.00000000 0.00 M-4 0.00 36,217,000.00 1.00000000 0.00 M-5 0.00 18,415,000.00 1.00000000 0.00 M-6 0.00 18,416,000.00 1.00000000 0.00 M-7 0.00 12,891,000.00 1.00000000 0.00 M-8 0.00 13,504,000.00 1.00000000 0.00 M-9 0.00 19,643,000.00 1.00000000 0.00 M-10 0.00 9,208,000.00 1.00000000 0.00 M-11 0.00 12,890,000.00 1.00000000 0.00 B-1 0.00 19,644,000.00 1.00000000 0.00 B-2 0.00 8,594,000.00 1.00000000 0.00 CE 0.00 6,138,484.36 0.99993675 0.00 P 0.00 0.00 0.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 21,133,285.77 1,181,307,248.25 0.96221411 21,133,285.77
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 250,000,000.00 973.73248652 0.00000000 31.43564612 0.00000000 A-2A 306,681,000.00 939.06022228 0.00000000 43.28397990 0.00000000 A-2B 123,559,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-2C 202,528,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-2D 57,033,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 46,653,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 41,742,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 23,940,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 36,217,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 18,415,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 18,416,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-7 12,891,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-8 13,504,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-9 19,643,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-10 9,208,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-11 12,890,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 19,644,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 8,594,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 CE 6,138,872.67 999.93674572 0.00000000 0.00000000 0.00000000 P 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All classes are per $1,000 denomination.
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A-1 0.00000000 31.43564612 942.29684040 0.94229684 31.43564612 A-2A 0.00000000 43.28397990 895.77624238 0.89577624 43.28397990 A-2B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-2C 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-2D 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-10 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-11 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 CE 0.00000000 0.00000000 999.93674572 0.99993675 0.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A-1 250,000,000.00 4.07000% 243,433,121.63 798,122.54 0.00 0.00 A-2A 306,681,000.00 3.94000% 287,991,928.03 914,054.38 0.00 0.00 A-2B 123,559,000.00 4.00000% 123,559,000.00 398,134.56 0.00 0.00 A-2C 202,528,000.00 4.13000% 202,528,000.00 673,799.40 0.00 0.00 A-2D 57,033,000.00 4.23000% 57,033,000.00 194,339.95 0.00 0.00 M-1 46,653,000.00 4.31000% 46,653,000.00 161,976.62 0.00 0.00 M-2 41,742,000.00 4.33000% 41,742,000.00 145,598.42 0.00 0.00 M-3 23,940,000.00 4.35000% 23,940,000.00 83,889.75 0.00 0.00 M-4 36,217,000.00 4.48000% 36,217,000.00 130,703.13 0.00 0.00 M-5 18,415,000.00 4.63000% 18,415,000.00 68,682.83 0.00 0.00 M-6 18,416,000.00 4.93000% 18,416,000.00 73,137.10 0.00 0.00 M-7 12,891,000.00 5.18000% 12,891,000.00 53,791.28 0.00 0.00 M-8 13,504,000.00 5.58000% 13,504,000.00 60,700.48 0.00 0.00 M-9 19,643,000.00 5.98000% 19,643,000.00 94,624.70 0.00 0.00 M-10 9,208,000.00 6.83000% 9,208,000.00 50,661.90 0.00 0.00 M-11 12,890,000.00 6.33000% 12,890,000.00 65,728.26 0.00 0.00 B-1 19,644,000.00 6.33000% 19,644,000.00 100,168.03 0.00 0.00 B-2 8,594,000.00 6.33000% 8,594,000.00 43,822.24 0.00 0.00 CE 6,138,872.67 0.00000% 6,138,484.36 0.00 0.00 0.00 P 0.00 0.00000% 0.00 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 1,227,696,872.67 4,111,935.57 0.00 0.00
Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A-1 0.00 0.00 798,122.54 0.00 235,574,210.10 A-2A 0.00 0.00 914,054.38 0.00 274,717,553.79 A-2B 0.00 0.00 398,134.56 0.00 123,559,000.00 A-2C 0.00 0.00 673,799.40 0.00 202,528,000.00 A-2D 0.00 0.00 194,339.95 0.00 57,033,000.00 M-1 0.00 0.00 161,976.62 0.00 46,653,000.00 M-2 0.00 0.00 145,598.42 0.00 41,742,000.00 M-3 0.00 0.00 83,889.75 0.00 23,940,000.00 M-4 0.00 0.00 130,703.13 0.00 36,217,000.00 M-5 0.00 0.00 68,682.83 0.00 18,415,000.00 M-6 0.00 0.00 73,137.10 0.00 18,416,000.00 M-7 0.00 0.00 53,791.28 0.00 12,891,000.00 M-8 0.00 0.00 60,700.48 0.00 13,504,000.00 M-9 0.00 0.00 94,624.70 0.00 19,643,000.00 M-10 0.00 0.00 50,661.90 0.00 9,208,000.00 M-11 0.00 0.00 65,728.26 0.00 12,890,000.00 B-1 0.00 0.00 100,168.03 0.00 19,644,000.00 B-2 0.00 0.00 43,822.24 0.00 8,594,000.00 CE 0.00 0.00 2,455,250.04 0.00 6,138,484.36 P 0.00 0.00 298,460.28 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 6,865,645.89 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A-1 250,000,000.00 4.07000% 973.73248652 3.19249016 0.00000000 0.00000000 A-2A 306,681,000.00 3.94000% 939.06022228 2.98047280 0.00000000 0.00000000 A-2B 123,559,000.00 4.00000% 1000.00000000 3.22222226 0.00000000 0.00000000 A-2C 202,528,000.00 4.13000% 1000.00000000 3.32694442 0.00000000 0.00000000 A-2D 57,033,000.00 4.23000% 1000.00000000 3.40750004 0.00000000 0.00000000 M-1 46,653,000.00 4.31000% 1000.00000000 3.47194436 0.00000000 0.00000000 M-2 41,742,000.00 4.33000% 1000.00000000 3.48805568 0.00000000 0.00000000 M-3 23,940,000.00 4.35000% 1000.00000000 3.50416667 0.00000000 0.00000000 M-4 36,217,000.00 4.48000% 1000.00000000 3.60888892 0.00000000 0.00000000 M-5 18,415,000.00 4.63000% 1000.00000000 3.72972197 0.00000000 0.00000000 M-6 18,416,000.00 4.93000% 1000.00000000 3.97138901 0.00000000 0.00000000 M-7 12,891,000.00 5.18000% 1000.00000000 4.17277791 0.00000000 0.00000000 M-8 13,504,000.00 5.58000% 1000.00000000 4.49500000 0.00000000 0.00000000 M-9 19,643,000.00 5.98000% 1000.00000000 4.81722242 0.00000000 0.00000000 M-10 9,208,000.00 6.83000% 1000.00000000 5.50194396 0.00000000 0.00000000 M-11 12,890,000.00 6.33000% 1000.00000000 5.09916680 0.00000000 0.00000000 B-1 19,644,000.00 6.33000% 1000.00000000 5.09916667 0.00000000 0.00000000 B-2 8,594,000.00 6.33000% 1000.00000000 5.09916686 0.00000000 0.00000000 CE 6,138,872.67 0.00000% 999.93674572 0.00000000 0.00000000 0.00000000 P 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All classes are per $1,000 denomination.
Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A-1 0.00000000 0.00000000 3.19249016 0.00000000 942.29684040 A-2A 0.00000000 0.00000000 2.98047280 0.00000000 895.77624238 A-2B 0.00000000 0.00000000 3.22222226 0.00000000 1000.00000000 A-2C 0.00000000 0.00000000 3.32694442 0.00000000 1000.00000000 A-2D 0.00000000 0.00000000 3.40750004 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 3.47194436 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 3.48805568 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 3.50416667 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 3.60888892 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 3.72972197 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 3.97138901 0.00000000 1000.00000000 M-7 0.00000000 0.00000000 4.17277791 0.00000000 1000.00000000 M-8 0.00000000 0.00000000 4.49500000 0.00000000 1000.00000000 M-9 0.00000000 0.00000000 4.81722242 0.00000000 1000.00000000 M-10 0.00000000 0.00000000 5.50194396 0.00000000 1000.00000000 M-11 0.00000000 0.00000000 5.09916680 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 5.09916667 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 5.09916686 0.00000000 1000.00000000 CE 0.00000000 0.00000000 399.95128943 0.00000000 999.93674572 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 28,216,518.78 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 298,460.28 Total Deposits 28,514,979.06 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 516,047.40 Payment of Interest and Principal 27,998,931.66 Total Withdrawals (Pool Distribution Amount) 28,514,979.06 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES Gross Servicing Fee 501,016.89 Credit Risk Manager Fee 15,030.51 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 516,047.40
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance A1 Reserve Fund 0.00 0.00 0.00 0.00 A2 Reserve Fund 0.00 0.00 0.00 0.00 MB Reserve Fund 0.00 0.00 0.00 0.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 90 0 0 0 90 16,544,620.09 0.00 0.00 0.00 16,544,620.09 60 Days 72 0 0 0 72 11,106,626.13 0.00 0.00 0.00 11,106,626.13 90 Days 15 7 0 0 22 1,559,743.08 789,034.03 0.00 0.00 2,348,777.11 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 177 7 0 0 184 29,210,989.30 789,034.03 0.00 0.00 30,000,023.33 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.340483% 0.000000% 0.000000% 0.000000% 1.340483% 1.400323% 0.000000% 0.000000% 0.000000% 1.400323% 60 Days 1.072386% 0.000000% 0.000000% 0.000000% 1.072386% 0.940056% 0.000000% 0.000000% 0.000000% 0.940056% 90 Days 0.223414% 0.104260% 0.000000% 0.000000% 0.327674% 0.132015% 0.066783% 0.000000% 0.000000% 0.198799% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 2.636282% 0.104260% 0.000000% 0.000000% 2.740542% 2.472394% 0.066783% 0.000000% 0.000000% 2.539177%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 18,179.49
REO Detail - All Mortgage Loans in REO during Current Period
Summary 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Nov-04 0.000% Original Principal Balance 0.00 Dec-04 0.000% Current Principal Balance 0.00 Jan-05 0.000% Feb-05 0.000% Current REO Total Mar-05 0.000% Loans in REO 0 Apr-05 0.000% Original Principal Balance 0.00 May-05 0.000% Current Principal Balance 0.00 Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.
REO Loan Detail - All Mortgage Loans in REO during Current Period Month Loan First Original Loan Entered Payment LTV at Principal Group Number REO Date State Origination Balance No REO loans this period.
REO Loan Detail - All Mortgage Loans in REO during Current Period (continued) Current Paid Current Approximate Loan Principal To Months Loan Delinquent Group Number Balance Date Delinquent Rate Interest No REO loans this period.
Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period
Summary 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Nov-04 0.000% Original Principal Balance 0.00 Dec-04 0.000% Current Principal Balance 0.00 Jan-05 0.000% Feb-05 0.000% Current Foreclosure Total Mar-05 0.000% Loans in Foreclosure 0 Apr-05 0.000% Original Principal Balance 0.00 May-05 0.000% Current Principal Balance 0.00 Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.
Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period Month Loan First Original Loan Entered Payment LTV at Principal Group Number FC Date State Origination Balance No Foreclosure loans this period.
Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period (continued) Current Paid Current Approximate Loan Principal To Months Loan Delinquent Group Number Balance Date Delinquent Rate Interest No Foreclosure loans this period.
COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 7.068856% Weighted Average Net Coupon 6.568856% Weighted Average Pass-Through Rate 6.553856% Weighted Average Maturity(Stepdown Calculation) 339 Beginning Scheduled Collateral Loan Count 6,830 Number Of Loans Paid In Full 116 Ending Scheduled Collateral Loan Count 6,714 Beginning Scheduled Collateral Balance 1,202,440,534.03 Ending Scheduled Collateral Balance 1,181,307,248.26 Ending Actual Collateral Balance at 30-Sep-2005 1,181,485,969.47 Monthly P&I Constant 7,644,088.14 Special Servicing Fee 0.00 Prepayment Penalties 298,460.28 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 560,855.28 Unscheduled Principal 20,572,430.49 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 6,138,484.36 Overcollateralized Amount 6,138,484.36 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 2,455,621.73
Miscellaneous Reporting A1 Cap Carryover Amount 0.00 A2A Cap Carryover Amount 0.00 A2B Cap Carryover Amount 0.00 A2C Cap Carryover Amount 0.00 A2D Cap Carryover Amount 0.00 Available Funds 27,998,931.65 OC Amount 6,138,484.36 OC Deficiency Amount 0.00 OC Release Amount 0.00 OC Deficiency 0.00
Group Level Collateral Statement Group 1 1 2 Collateral Description Mixed Fixed Mixed ARM Mixed Fixed Weighted Average Coupon Rate 7.457221 7.024730 7.694544 Weighted Average Net Rate 6.957221 6.524730 7.194545 Weighted Average Maturity 339 339 338 Beginning Loan Count 265 2,063 685 Loans Paid In Full 9 42 11 Ending Loan Count 256 2,021 674 Beginning Scheduled Balance 28,790,175.34 291,226,843.39 78,605,696.62 Ending Scheduled Balance 27,881,737.75 284,276,369.45 77,483,649.33 Record Date 09/30/2005 09/30/2005 09/30/2005 Principal And Interest Constant 206,523.07 1,834,408.90 578,532.25 Scheduled Principal 27,610.82 129,583.94 74,503.06 Unscheduled Principal 880,826.77 6,820,890.00 1,047,544.23 Scheduled Interest 178,912.25 1,704,824.96 504,029.19 Servicing Fees 11,995.91 121,344.52 32,752.37 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 359.88 3,640.34 982.57 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest 166,556.46 1,579,840.10 470,294.25 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.942221 6.509730 7.179544
Group Level Collateral Statement Group 2 Total Collateral Description Mixed ARM Fixed & Mixed ARM Weighted Average Coupon Rate 7.009747 7.068856 Weighted Average Net Rate 6.509747 6.568856 Weighted Average Maturity 338 339 Beginning Loan Count 3,817 6,830 Loans Paid In Full 54 116 Ending Loan Count 3,763 6,714 Beginning Scheduled Balance 803,817,818.68 1,202,440,534.03 Ending scheduled Balance 791,665,491.73 1,181,307,248.26 Record Date 09/30/2005 09/30/2005 Principal And Interest Constant 5,024,623.92 7,644,088.14 Scheduled Principal 329,157.46 560,855.28 Unscheduled Principal 11,823,169.49 20,572,430.49 Scheduled Interest 4,695,466.46 7,083,232.86 Servicing Fees 334,924.09 501,016.89 Master Servicing Fees 0.00 0.00 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 10,047.72 15,030.51 Pool Insurance Fee 0.00 0.00 Spread 1 0.00 0.00 Spread 2 0.00 0.00 Spread 3 0.00 0.00 Net Interest 4,350,494.65 6,567,185.46 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 6.494747 6.553856
Prepayment Detail - Prepayments during Current Period Summary Loans Paid In Full Repurchased Loans Original Current Original Current Principal Principal Principal Principal Group Count Balance Balance Count Balance Balance Total 116 20,563,139.00 20,524,934.34 0 0.00 0.00
Prepayment Detail - Prepayments during Current Period (continued) Summary Substitution Loans Liquidated Loans Curtailments Original Current Original Current Principal Principal Principal Principal Curtailment Group Count Balance Balance Count Balance Balance Amount Total 0 0.00 0.00 0 0.00 0.00 47,496.15
Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount 1 0003550166 CA 19.98 01-Apr-2005 40,950.00 40,823.48 1 0003551294 CA 73.07 01-Feb-2005 190,000.00 188,562.44 1 0003551835 CA 20.00 01-Feb-2005 32,000.00 31,848.92 1 0003552364 CA 15.00 01-Apr-2005 46,650.00 46,512.55 1 0003552577 CA 20.00 01-Apr-2005 54,400.00 54,284.07 1 0004114586 GA 20.00 01-Mar-2005 48,800.00 48,618.74 1 0004315635 ID 19.96 01-Apr-2005 21,200.00 21,140.04 1 0011197331 MA 92.33 01-Jun-2005 207,750.00 207,028.48 1 0011209957 CA 90.00 01-May-2005 243,000.00 241,825.27 1 0003368956 CA 80.00 01-Apr-2005 124,000.00 124,000.00 1 0003369009 AZ 80.00 01-Apr-2005 148,198.00 147,844.94 1 0003552402 CA 84.19 01-Apr-2005 213,000.00 212,992.58 1 0004114457 GA 80.00 01-Apr-2005 136,000.00 136,000.00 1 0004314988 WA 100.00 01-Apr-2005 96,600.00 95,986.24 1 0004315636 ID 79.99 01-Apr-2005 84,950.00 84,900.81 1 0004500474 AZ 100.00 01-Mar-2005 70,000.00 69,987.97 1 0004601647 AZ 100.00 01-Feb-2005 100,000.00 100,000.00 1 0004602452 AZ 79.98 01-Apr-2005 118,200.00 118,200.00 1 0004703021 OH 94.97 01-Apr-2005 78,350.00 78,350.00 1 0011156062 CA 80.00 01-May-2005 80,000.00 79,627.38 1 0011156063 CA 20.00 01-May-2005 20,000.00 19,962.68 1 0011168557 CA 62.93 01-Jun-2005 236,000.00 235,626.92 1 0011173460 MD 95.00 01-May-2005 283,575.00 282,672.22 1 0011189702 MD 80.00 01-Jul-2005 240,000.00 240,000.00 1 0011189774 CA 75.00 01-Jul-2005 161,250.00 161,086.70 1 0011190955 MD 90.00 01-Jun-2005 153,000.00 153,000.00 1 0011193287 CA 81.81 01-Jun-2005 180,000.00 179,327.78 1 0011194713 MA 80.00 01-Jul-2005 348,000.00 346,980.12 1 0011194826 MD 8.50 01-Jul-2005 25,500.00 25,467.57 1 0011196880 VA 85.00 01-Jul-2005 316,200.00 315,455.53 1 0011199078 CA 20.00 01-Jul-2005 54,000.00 53,940.11 1 0011199500 AZ 80.00 01-Jul-2005 161,066.00 160,867.48 1 0011203268 CA 76.73 01-Jul-2005 198,750.00 198,233.75 1 0011203315 MD 20.00 01-Jun-2005 31,000.00 30,969.46 1 0011203554 CA 20.00 01-Jul-2005 68,800.00 68,723.68 1 0011203825 IL 90.00 01-Jul-2005 153,000.00 153,000.00 1 0011204794 CA 20.00 01-Jul-2005 47,400.00 47,354.11 1 0011205078 CA 75.00 01-Jun-2005 262,500.00 261,471.55 1 0011206240 CA 80.00 01-Jul-2005 252,000.00 251,724.18 1 0011206496 CA 20.00 01-Jul-2005 46,565.00 46,502.54 1 0011207477 CA 75.00 01-Jul-2005 326,250.00 325,587.56 1 0011209400 FL 80.00 01-Jun-2005 144,000.00 142,638.77 1 0011209868 CA 80.00 01-Jul-2005 292,000.00 291,659.60 1 0011209873 CA 10.00 01-Jul-2005 36,500.00 36,459.53 1 0011211325 CA 75.00 01-Jul-2005 261,750.00 261,206.03 1 0011212308 IL 77.49 01-Jul-2005 92,887.00 92,669.38 1 0011216328 MO 80.00 01-Jul-2005 127,920.00 127,651.48 1 0011218724 CA 46.00 01-Jul-2005 322,000.00 321,621.47 1 0011225228 CA 82.85 01-Jul-2005 319,000.00 318,040.69 1 0011227583 WA 20.00 01-Jun-2005 61,000.00 60,750.87 1 0011235422 CA 71.42 01-Jul-2005 350,000.00 349,231.37 2 0003252960 WA 20.00 01-Feb-2005 43,200.00 43,072.72 2 0003368421 CA 14.73 01-Mar-2005 84,000.00 83,619.97 2 0003368975 CA 20.00 01-Apr-2005 72,200.00 72,058.21 2 0003861566 CA 20.00 01-Apr-2005 98,000.00 97,689.25 2 0003861626 CA 19.23 01-Apr-2005 100,000.00 99,682.86 2 0004459382 CO 20.00 01-Apr-2005 53,650.00 53,523.60 2 0004602414 AZ 19.91 01-Apr-2005 46,800.00 46,639.77 2 0011125358 FL 69.76 01-May-2005 60,000.00 59,790.83 2 0011191110 CT 37.77 01-Jun-2005 85,000.00 84,674.87 2 0011212559 MD 66.26 01-Jul-2005 110,000.00 109,612.25 2 0011212626 MD 89.93 01-Jul-2005 295,000.00 294,241.18 2 0003132849 CA 80.00 01-Apr-2005 568,000.00 567,998.33 2 0003368974 CA 80.00 01-Apr-2005 288,800.00 288,800.00 2 0003368995 CA 80.00 01-Apr-2005 328,000.00 328,000.00 2 0003369010 AZ 20.00 01-Apr-2005 37,050.00 36,967.06 2 0003550165 CA 79.99 01-Apr-2005 163,900.00 163,900.00 2 0003552139 CA 80.00 01-Apr-2005 216,800.00 216,800.00 2 0003861625 CA 76.92 01-Apr-2005 400,000.00 397,576.15 2 0004114458 GA 20.00 01-Apr-2005 34,000.00 33,933.21 2 0004114585 GA 80.00 01-Mar-2005 195,200.00 195,200.00 2 0004315711 OR 70.00 01-Apr-2005 160,300.00 159,330.46 2 0004602453 AZ 19.99 01-Apr-2005 29,550.00 29,465.57 2 0004702994 OH 83.05 01-Mar-2005 201,000.00 199,659.97 2 0011164054 MO 74.74 01-Jun-2005 44,400.00 44,288.46 2 0011167748 CA 80.00 01-May-2005 522,400.00 522,400.00 2 0011167752 CA 15.00 01-May-2005 97,950.00 97,717.77 2 0011175244 IL 70.00 01-Jul-2005 56,000.00 55,881.85 2 0011182879 CA 20.00 01-Jun-2005 100,000.00 99,851.43 2 0011189701 CA 80.00 01-Jun-2005 428,800.00 428,800.00 2 0011191922 CA 20.00 01-Jun-2005 81,000.00 80,879.66 2 0011192710 CA 76.80 01-Jun-2005 480,000.00 479,335.44 2 0011193151 MD 42.50 01-Jul-2005 55,250.00 54,743.92 2 0011194315 CA 80.00 01-Jun-2005 262,400.00 261,561.44 2 0011197135 CA 80.00 01-Jun-2005 416,000.00 415,337.79 2 0011197860 MD 82.68 01-Jun-2005 138,500.00 138,032.69 2 0011199664 CA 80.00 01-Jul-2005 304,000.00 303,382.71 2 0011200368 AZ 90.00 01-Jul-2005 291,600.00 291,276.33 2 0011202703 AZ 20.00 01-Jun-2005 49,316.00 49,217.80 2 0011202736 NJ 90.00 01-Jun-2005 172,800.00 172,191.03 2 0011204789 CA 80.00 01-Jul-2005 189,600.00 189,175.23 2 0011206065 CA 20.00 01-Jul-2005 79,200.00 79,112.15 2 0011206495 CA 80.00 01-Jul-2005 186,258.00 185,840.72 2 0011208096 CA 75.00 01-Jul-2005 258,750.00 258,321.92 2 0011210008 CA 15.00 01-Jul-2005 126,804.00 126,663.36 2 0011210963 CA 80.00 01-Jul-2005 362,400.00 362,400.00 2 0011210964 CA 20.00 01-Jul-2005 90,600.00 90,485.04 2 0011212187 CA 70.00 01-Jul-2005 216,300.00 215,850.48 2 0011212921 MD 72.22 01-Jul-2005 195,000.00 194,651.55 2 0011212924 IL 94.56 01-Jul-2005 217,500.00 216,975.09 2 0011213032 FL 80.00 01-Jul-2005 92,000.00 91,804.91 2 0011213573 CA 80.00 01-Jul-2005 221,600.00 221,600.00 2 0011214820 MA 20.00 01-Jul-2005 87,000.00 86,843.67 2 0011217513 LA 77.21 01-Jul-2005 88,800.00 88,800.00 2 0011217565 VA 79.58 01-Jul-2005 386,000.00 386,000.00 2 0011218667 AZ 58.94 01-Jul-2005 112,000.00 111,717.49 2 0011219254 CA 78.65 01-Jul-2005 468,000.00 467,402.81 2 0011220264 MD 95.00 01-Jul-2005 223,250.00 223,094.02 2 0011220702 MA 31.88 01-Jul-2005 110,000.00 109,695.29 2 0011221000 CA 15.00 01-Jul-2005 86,250.00 86,146.29 2 0011223763 AZ 80.00 01-Jul-2005 380,000.00 380,000.00 2 0011223768 AZ 20.00 01-Jul-2005 95,000.00 94,872.60 2 0011227581 WA 80.00 01-Jun-2005 244,000.00 244,000.00 2 0011228158 WA 73.52 01-Jul-2005 250,000.00 249,549.40 2 0011228444 IL 70.76 01-Jul-2005 460,000.00 458,916.96 2 0011232095 CA 80.00 01-Jul-2005 460,000.00 459,463.74
Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning 1 0003550166 Loan Paid in Full 0 9.375% 360 6 1 0003551294 Loan Paid in Full (1) 6.375% 360 8 1 0003551835 Loan Paid in Full (1) 8.750% 360 8 1 0003552364 Loan Paid in Full 0 10.500% 360 6 1 0003552577 Loan Paid in Full (1) 11.125% 360 6 1 0004114586 Loan Paid in Full 0 9.250% 360 7 1 0004315635 Loan Paid in Full 0 11.000% 360 6 1 0011197331 Loan Paid in Full 0 6.750% 360 4 1 0011209957 Loan Paid in Full (1) 8.600% 300 5 1 0003368956 Loan Paid in Full (1) 6.500% 360 6 1 0003369009 Loan Paid in Full 0 7.125% 360 6 1 0003552402 Loan Paid in Full (1) 6.375% 360 6 1 0004114457 Loan Paid in Full 0 7.250% 360 6 1 0004314988 Loan Paid in Full 0 6.500% 360 6 1 0004315636 Loan Paid in Full 0 6.750% 360 6 1 0004500474 Loan Paid in Full 0 8.750% 360 7 1 0004601647 Loan Paid in Full 0 8.125% 360 8 1 0004602452 Loan Paid in Full 0 6.750% 360 6 1 0004703021 Loan Paid in Full (1) 6.875% 360 6 1 0011156062 Loan Paid in Full 0 6.400% 360 5 1 0011156063 Loan Paid in Full 0 10.875% 180 5 1 0011168557 Loan Paid in Full 0 6.900% 360 4 1 0011173460 Loan Paid in Full (1) 8.325% 360 5 1 0011189702 Loan Paid in Full (1) 6.576% 360 3 1 0011189774 Loan Paid in Full 0 7.450% 360 3 1 0011190955 Loan Paid in Full 0 6.200% 360 4 1 0011193287 Loan Paid in Full (1) 6.375% 360 4 1 0011194713 Loan Paid in Full (1) 6.125% 360 3 1 0011194826 Loan Paid in Full (1) 10.240% 180 3 1 0011196880 Loan Paid in Full (1) 7.250% 360 3 1 0011199078 Loan Paid in Full 0 10.875% 180 3 1 0011199500 Loan Paid in Full 0 6.750% 360 3 1 0011203268 Loan Paid in Full 0 6.750% 360 3 1 0011203315 Loan Paid in Full (1) 12.740% 180 4 1 0011203554 Loan Paid in Full 0 10.875% 180 3 1 0011203825 Loan Paid in Full (1) 6.875% 360 3 1 0011204794 Loan Paid in Full 0 11.500% 180 3 1 0011205078 Loan Paid in Full 0 6.125% 360 4 1 0011206240 Loan Paid in Full 0 7.175% 360 3 1 0011206496 Loan Paid in Full (1) 9.990% 180 3 1 0011207477 Loan Paid in Full 0 7.990% 360 3 1 0011209400 Loan Paid in Full (3) 7.700% 360 4 1 0011209868 Loan Paid in Full 0 6.950% 360 3 1 0011209873 Loan Paid in Full 0 10.875% 180 3 1 0011211325 Loan Paid in Full 0 7.875% 360 3 1 0011212308 Loan Paid in Full 0 7.275% 360 3 1 0011216328 Loan Paid in Full (1) 7.825% 360 3 1 0011218724 Loan Paid in Full 0 6.925% 360 3 1 0011225228 Loan Paid in Full (1) 5.990% 360 3 1 0011227583 Loan Paid in Full (1) 11.250% 180 4 1 0011235422 Loan Paid in Full (1) 7.600% 360 3 2 0003252960 Loan Paid in Full 0 10.999% 360 8 2 0003368421 Loan Paid in Full (1) 8.375% 360 7 2 0003368975 Loan Paid in Full 0 11.500% 360 6 2 0003861566 Loan Paid in Full (1) 9.250% 360 6 2 0003861626 Loan Paid in Full (1) 9.250% 360 6 2 0004459382 Loan Paid in Full (1) 10.750% 360 6 2 0004602414 Loan Paid in Full 0 9.000% 360 6 2 0011125358 Loan Paid in Full 0 7.875% 360 5 2 0011191110 Loan Paid in Full (2) 6.250% 360 4 2 0011212559 Loan Paid in Full (1) 8.125% 360 3 2 0011212626 Loan Paid in Full 0 6.800% 360 3 2 0003132849 Loan Paid in Full 0 5.500% 360 6 2 0003368974 Loan Paid in Full 0 6.625% 360 6 2 0003368995 Loan Paid in Full (1) 6.740% 360 6 2 0003369010 Loan Paid in Full 0 10.990% 180 6 2 0003550165 Loan Paid in Full 0 6.125% 360 6 2 0003552139 Loan Paid in Full (1) 5.750% 360 6 2 0003861625 Loan Paid in Full (1) 5.990% 360 6 2 0004114458 Loan Paid in Full 0 11.500% 180 6 2 0004114585 Loan Paid in Full 0 6.625% 360 7 2 0004315711 Loan Paid in Full (1) 6.000% 360 6 2 0004602453 Loan Paid in Full 0 9.750% 180 6 2 0004702994 Loan Paid in Full (1) 6.750% 360 7 2 0011164054 Loan Paid in Full 0 8.375% 360 4 2 0011167748 Loan Paid in Full 0 6.700% 360 5 2 0011167752 Loan Paid in Full 0 9.750% 180 5 2 0011175244 Loan Paid in Full 0 7.800% 360 3 2 0011182879 Loan Paid in Full 0 10.875% 180 4 2 0011189701 Loan Paid in Full 0 6.990% 360 4 2 0011191922 Loan Paid in Full 0 10.875% 180 4 2 0011192710 Loan Paid in Full (1) 7.375% 360 4 2 0011193151 Loan Paid in Full (1) 7.000% 360 3 2 0011194315 Loan Paid in Full (1) 7.175% 360 4 2 0011197135 Loan Paid in Full (1) 6.875% 360 4 2 0011197860 Loan Paid in Full 0 7.000% 360 4 2 0011199664 Loan Paid in Full 0 7.990% 360 3 2 0011200368 Loan Paid in Full (1) 7.125% 360 3 2 0011202703 Loan Paid in Full 0 9.500% 180 4 2 0011202736 Loan Paid in Full (1) 6.675% 360 4 2 0011204789 Loan Paid in Full 0 7.500% 360 3 2 0011206065 Loan Paid in Full 0 10.875% 180 3 2 0011206495 Loan Paid in Full (1) 7.500% 360 3 2 0011208096 Loan Paid in Full (1) 8.990% 360 3 2 0011210008 Loan Paid in Full (1) 10.875% 180 3 2 0011210963 Loan Paid in Full 0 7.325% 360 3 2 0011210964 Loan Paid in Full 0 10.250% 180 3 2 0011212187 Loan Paid in Full 0 7.875% 360 3 2 0011212921 Loan Paid in Full (1) 5.380% 360 3 2 0011212924 Loan Paid in Full (1) 7.125% 360 3 2 0011213032 Loan Paid in Full (1) 7.775% 360 3 2 0011213573 Loan Paid in Full 0 6.450% 360 3 2 0011214820 Loan Paid in Full (1) 8.590% 180 3 2 0011217513 Loan Paid in Full 0 6.900% 360 3 2 0011217565 Loan Paid in Full (1) 6.525% 360 3 2 0011218667 Loan Paid in Full 0 6.900% 360 3 2 0011219254 Loan Paid in Full 0 6.625% 360 3 2 0011220264 Loan Paid in Full 0 8.750% 360 3 2 0011220702 Loan Paid in Full (1) 6.600% 360 3 2 0011221000 Loan Paid in Full (1) 10.500% 180 3 2 0011223763 Loan Paid in Full 0 5.990% 360 3 2 0011223768 Loan Paid in Full 0 9.990% 180 3 2 0011227581 Loan Paid in Full 0 7.990% 360 4 2 0011228158 Loan Paid in Full 0 8.575% 360 3 2 0011228444 Loan Paid in Full (1) 7.250% 360 3 2 0011232095 Loan Paid in Full (1) 6.950% 360 3
Prepayment - Voluntary Prepayments
Summary SMM CPR PSA Current Month 1.712% Current Month 18.713% Current Month 2,367.433% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 21.643% N/A Sep-2005 3,663.498% N/A Oct-2005 18.713% N/A Oct-2005 2,367.433% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Calculation Methodology: Single Month Mortality (SMM): (Partial and full prepayments + Repurchases) / (Beginning Scheduled Balance - Scheduled Principal) Conditional PrePayment Rate (CPR): 1 - ((1 - SMM)^12) PSA Standard Prepayment Model: 100 * CPR / (0.2 * MIN(30,WAS)) Weighted Average Seasoning (WAS): sum((Original Term - Remaining Term)*(Current Scheduled Balance/Deal Scheduled Principal Balance))
Realized Loss Detail Report - Loans with Losses during Current Period Summary # Loans Prior Realized Current with Principal Loss/(Gain) Loss Group Losses Balance Amount Percentage Total 0 0.00 0.00 0.000%
Realized Loss Loan Detail Report - Loans With Losses during Current Period Original Current Loan Principal Note LTV at Original Group Number Balance Rate State Origination Term No losses this period.
Realized Loss Loan Detail Report - Loans With Losses during Current Period (continued) Prior Cumulative Loan Principal Realized Realized Group Number Balance Loss/(Gain) Loss/(Gain) No losses this period.
Realized Loss Report - Collateral Summary
MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 0.000% N/A Sep-2005 0.000% N/A Oct-2005 0.000% N/A Oct-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 0.000% N/A Sep-2005 0.000% N/A Oct-2005 0.000% N/A Oct-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Calculation Methodology: Monthly Default Rate (MDR): sum(Beg Principal Balance of Liquidated Loans)/ sum(Beg Principal Balance). Conditional Default Rate (CDR): 1-((1-MDR)^12) SDA Standard Default Assumption: If WAS is less than or equal to 30 then CDR/(WAS*0.02) else if WAS is greater than 30 and less than or equal to 60 then CDR/0.6 else if WAS is greater than 60 and less than or equal to 120 then CDR/(0.6 - ((WAS-60)*0.0095)) else if WAS is greater than 120 then CDR/0.03 Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)